Assume the following Information: The delivery cycle time is: Multiple Choice 58 hours. 60 hours. 36 hours. 24 hours. Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $54,000 and $72,000, respectlvely. The company expects to collect 60% of its credit sales In the month of the sale and the remaIning 40% In the following month. What amount of accounts recelvable would the company report In Its balance sheet at the end of the second month? Multiple Choice $24,000 $64,800 $28,800 $32,400 Assume the following Information: The delivery cycle time is: Multiple Choice 58 hours. 60 hours. 36 hours. 24 hours. Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $54,000 and $72,000, respectlvely. The company expects to collect 60% of its credit sales In the month of the sale and the remaIning 40% In the following month. What amount of accounts recelvable would the company report In Its balance sheet at the end of the second month? Multiple Choice $24,000 $64,800 $28,800 $32,400